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Islamic Republic of Afghanistan - Enhanced Integrated Framework ...

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PILLAR : ECONOMIC GOVERNANCE AND PRIVATE SECTOR DEVELOPMENTSECTOR : PRIVATE SECTOR DEVELOPMENT AND TRADEObjectives or Outcomes Policy Action or Activities Category Timeframe Responsible AgencyPrivate sector access to financeis increasedEstablish the principle that no law can be implemented unless it has been gazetted,published in the newspapers, and made available electronically and inhard copies at no cost. Explore the option <strong>of</strong> using the <strong>Afghanistan</strong> NationalDevelopment Strategy (ANDS) website as an interim solution for publishinglaws after their enactment. Publish the tariff structures on the Ministry <strong>of</strong> Financewebsite.Amend the tariff legislation to facilitate ROZ (Reconstruction OpportunityZone) trade along the border with PakistanEndorse the authority <strong>of</strong> mediation and arbitration tribunals to resolve privateprivateand private-public disputes, including land issues.Ensure the competency and transparency <strong>of</strong> tribunals by establishing standardsand building the capacity <strong>of</strong> arbitrators, mediators and lawyers.Legislation End-1386 Ministry <strong>of</strong> Justice, Ministry <strong>of</strong>Finance, ANDSlegislation/ RC CrossCutting IssuesInstitution Building Mid-1389 MoJInstitution Building Mid-1389 MoJUndertake financial audits <strong>of</strong> State Owned Enterprises Other Measures Mid-1388 MoCI, MoFPrivatize and corporative state owned assets Other Measures Mid-1389 MoCI, MoFMoCI, MoJ, MoFA, MoFImplement an adequate insurance law. Legislation Mid-1389 MoF, DAB, FIsEncourage the development <strong>of</strong> an appropriately regulated private insurancesector.Work with donors to create risk management tools for domestic and foreigninvestors, appropriate to the specific risks <strong>of</strong> investing in <strong>Afghanistan</strong>.Lay out a concrete strategy with time-bound actions to significantly expandthe outreach and range <strong>of</strong> financial products and services, especially targetingsmall and medium enterprises.Enact an appropriate legal framework including passage <strong>of</strong> four financial laws:Secured Transactions, Mortgage, Leasing and Negotiable Instruments.Build capacity in the financial sector by establishing an independent bankingand business training institute as a joint commercial bank – DAB initiative.Establish a credit information bureau to facilitate commercial and consumerlending.Establish a financial tribunal to provide swift legal decisions on financial disputes.Other Measures Mid-1388 MoF, DAB, FIsOther Measures End-1389 AISA/MIGAOther Measures Mid-1388 DAB, <strong>Afghanistan</strong> Bankers'Association, Micr<strong>of</strong>inanceInvestmentLegislation End-1388 DAB, Ministry <strong>of</strong> JusticeInstitution Building Mid-1388 DAB together with <strong>Afghanistan</strong>Bankers' AssociationInstitution Building End-1388 DAB, <strong>Afghanistan</strong> Bankers'AssociationInstitution Building End-1388 DAB, Ministry <strong>of</strong> JusticeExpand provision <strong>of</strong> donor and private sector micro and SME finance Other Measures End-1388 MoF, MoCI, DAB, Afg Bankers'AssociationEstablish an <strong>of</strong>fice in DAB in conjunction with Ministry <strong>of</strong> Interior to providesecurity for cash in transit between banks and bank branches in Kabul.Institution Building Mid-1389 DAB in cooperation with Ministry<strong>of</strong> InteriorIncrease the <strong>of</strong>fering <strong>of</strong> financial services in rural areas through the further Other Measures Mid-1389 Ministry <strong>of</strong> Agriculture, DAB,206<strong>Afghanistan</strong> National Development Strategy (ANDS)

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